QQDN ETF — ProShares UltraShort Top QQQ

ProShares UltraShort Top QQQ (QQDN)

Updated October 16, 2026.

QQDN is an ETF. its distribution rate is 3.61%, its trailing-12-month yield is 5.76%, its expense ratio is 0.95%. Total return is -46.2% over the past 1.3 years, 74.7 points behind SPY at 28.5%.

ProShares UltraShort Top QQQ is an ETF that seeks daily returns of negative two times the performance of the largest companies in the Nasdaq-100 Index, using financial instruments to create a leveraged short position. The fund carries a modest current distribution rate paid quarterly and has an expense ratio of 0.95%. This ETF is designed for investors seeking short-term tactical exposure to bet against large-cap technology and growth stocks, rather than for long-term buy-and-hold income investing.

QQDN performance versus SPY

Price and return data through 2026-10-16.

Total return is -46.2% over the past 1.3 years, 74.7 points behind SPY at 28.5%. Its deepest 1-year drawdown was 45.5%.

QQDN key facts

Issuer

ProShares

Asset type

ETF

Asset class

Fixed Income

Inception date

06/10/2025

Expense ratio

0.95%

Distribution rate

3.61%

Distribution frequency

Quarterly

Trailing yield

5.76%

Last close

$20.40 (as of 2026-10-16)

AUM

$977,715

Average volume

30.0

Dividend

$0.184

Ex-dividend date

09/23/2026

Payment date

09/29/2026

Beta

-2.7867

How Dividend Vision calculates yield and returns

Distribution rate (3.61%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (5.76%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: ProShares; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

QQDN risks and drawbacks

QQDN's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 45.5%.

Who may consider QQDN — and who may not

QQDN may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (QQDN pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on QQDN

• All tickers starting with Q

Tagged: Leverage, Short.

Frequently asked questions

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